Discontinued — last reported Q3 '24
Retail Banking1 — Net income from continuing operations
PNC Financial Services Retail Banking1 — Net income from continuing operations decreased by 32.0% to $1.17B in Q3 2024 compared to the prior quarter. Year-over-year, this metric grew by 6.2%, from $1.11B to $1.17B. Over 2 years (FY 2021 to FY 2023), Retail Banking1 — Net income from continuing operations shows an upward trend with a 50.7% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase suggests improved operational efficiency, higher net interest margins, or growth in the retail customer base, whereas a decrease may signal rising credit costs or margin compression.
Detailed definition
This metric measures the profitability of the retail banking segment after accounting for all operating expenses, provis...
Peer comparison
Standard across the banking industry as 'Segment Net Income' or 'Segment Profit,' allowing for direct performance benchmarking against peer retail banking divisions.
pnc_segment_retail_banking_net_income_from_continuing_operationsHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $239.00M | $459.00M | $367.00M | $356.00M | $337.00M | $574.00M | $762.00M | $657.00M | $965.00M | $1.11B | $1.08B | $1.09B | $1.73B | $1.17B |
| QoQ Change | — | +92.1% | -20.0% | -3.0% | -5.3% | +70.3% | +32.8% | -13.8% | +46.9% | +14.5% | -1.9% | +0.8% | +57.9% | -32.0% |
| YoY Change | — | — | — | — | +41.0% | +25.1% | +107.6% | +84.6% | +186.4% | +92.5% | +42.3% | +66.4% | +78.9% | +6.2% |
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Frequently Asked Questions
- What is PNC Financial Services's retail banking1 — net income from continuing operations?
- PNC Financial Services (PNC) reported retail banking1 — net income from continuing operations of $1.17B in Q3 2024.
- How has PNC Financial Services's retail banking1 — net income from continuing operations changed year-over-year?
- PNC Financial Services's retail banking1 — net income from continuing operations increased by 6.2% year-over-year, from $1.11B to $1.17B.
- What is the long-term trend for PNC Financial Services's retail banking1 — net income from continuing operations?
- Over 2 years (2021 to 2023), PNC Financial Services's retail banking1 — net income from continuing operations has grown at a 50.7% compound annual growth rate (CAGR), from $1.68B to $3.81B.
- What does retail banking1 — net income from continuing operations mean?
- The total profit generated by the retail banking business segment after all related expenses and taxes are paid.